Bridgford Foods Co. (NASDAQ:BRID - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.44 and traded as low as $7.89. Bridgford Foods shares last traded at $7.84, with a volume of 503 shares changing hands.
Bridgford Foods Stock Down 0.3%
The company has a debt-to-equity ratio of 0.01, a current ratio of 4.74 and a quick ratio of 2.71. The firm has a market cap of $71.12 million, a price-to-earnings ratio of -21.18 and a beta of -0.27. The firm has a 50 day moving average price of $8.20 and a 200-day moving average price of $9.44.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last released its quarterly earnings data on Friday, March 7th. The company reported ($0.12) EPS for the quarter. The company had revenue of $52.55 million during the quarter. Bridgford Foods had a negative net margin of 1.51% and a negative return on equity of 2.63%.
Institutional Investors Weigh In On Bridgford Foods
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Factorial Partners LLC increased its holdings in Bridgford Foods by 13.8% in the fourth quarter. Factorial Partners LLC now owns 25,017 shares of the company's stock valued at $263,000 after purchasing an additional 3,037 shares during the last quarter. Northern Trust Corp increased its holdings in Bridgford Foods by 28.6% in the fourth quarter. Northern Trust Corp now owns 31,913 shares of the company's stock valued at $343,000 after purchasing an additional 7,093 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Bridgford Foods in the fourth quarter valued at about $124,000. Finally, Nuveen LLC bought a new stake in Bridgford Foods in the first quarter valued at about $570,000. Institutional investors own 4.68% of the company's stock.
Bridgford Foods Company Profile
(
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Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.
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